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Meadow Company wants to invest its net profits of $79,000 for 6 years in either a credit union or a local bank. The credit union

Meadow Company wants to invest its net profits of $79,000 for 6 years in either a credit union or a local bank. The credit union provides interest of 9.00% compounded monthly, while the local bank provides interest of 9.13% compounded semi-annually. Calculate the maturity value of the investment with: a. Credit Union: Round to the nearest cent b. Local Bank

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